Business
ATGL forays into electric mobility infrastructure sector
Ahmedabad, March 27
Adani Total Gas Ltd (ATGL), India's leading City Gas Distribution company, has forayed into Electric Mobility by launching its first electric vehicle charging station (EVCS) in Ahmedabad.
The EVCS, located at ATGL's CNG station at Maninagar in Ahmedabad, will enable quick turnaround time for EV owners with best-in-class fast charging technology and convenient to use digital platform.
"The Commencement of EV business with setting up the first charging station in Ahmedabad is yet another milestone for Adani Total Gas to provide choice of newer green fuel to the larger consumer base in India while timely ceasing an emerging business opportunity aligned to our vision to offer sustainable fuelling solutions on across all major cities and towns in India," said Suresh P. Manglani, CEO of Adani Total Gas.
The company aims to expand its network by setting up 1500 EVCS across the country and has kept an expansion plan ready to move beyond 1500 EVCS, based on the demand generation and momentum building of the EV ecosystem in the country.
ATGL has a strong footprint across the country as a retailer of CNG. It is uniquely positioned to play an active role in the Electric Mobility business by virtue of owning the retail space, huge experience of serving the domain customers and a wide customer base across India.
The company has the strategic fit to venture into electric mobility and capture a significant share of the rapidly growing EV market.
ATGL also draws its strength from the Adani Group's inherent capacity to generate renewable power and can further leverage group level synergies for sourcing green power. The global experience of TotalEnergies SE in the EV infrastructure space is another factor that adds competitive edge to ATGL's vision as it eyes market leadership in the space.
30 seconds ago
Rubio reaffirms US security pledge to Bahrain
1 minute ago
IMF reviews Sri Lanka's energy shock
2 minutes ago
Kerala CM Satheesan gets CMFRI blueprint for jaggery revival
3 minutes ago
GRSE emerges lowest bidder for electric tug for Kolkata port
4 minutes ago
US launches Pax Silica AI partnership
5 minutes ago
Indigenous 'Netra' surveillance aircraft system gets final clearance from IAF
6 minutes ago
Seoul bourse operator issues circuit breaker for KOSPI on sharp fall
6 minutes ago
Health Ministry notifies relaxed norms for regulation of hospitals, clinics
7 minutes ago
Patanjali Foods shares extend fall for 5th day amid sorghum flour controversy
8 minutes ago
Adani Foundation collects record 52,306 blood units across 754 locations on Gautam Adani’s birthday
8 minutes ago
Tripura CM inaugurates major health infrastructure projects
9 minutes ago
Delhi CM orders inspection of Fortis Hospital after patient complaint, discrepancies found
10 minutes ago
You can't undermine any team: SL batter Samarawickrama believes Women's T20 WC semis still within reach
